█ CONCEPTS In modern day strategy optimization there are few options when it comes to optimizing a risk reward ratio. Users frequently need to experiment and go through countless permutations in order to tweak, adjust and find optimal in their data. Therefore we have created the Risk Reward Optimizer. The Risk Reward Optimizer is a technical tool designed to...
Alpha Cloud Algo Risk Reward Calculation Usage This indicator helps users manage their positions by allowing them to set customizable take profit and stop loss levels. It helps investors better understand the risk and reward levels of their positions. Indicator Settings: Language: Choose the language of the indicator (currently only Turkish is...
b]HISTORY AND CREDITS ––––––––––––––––––––––––––––––––––––––––––––––––––––––– "Perhaps the greatest secret to top trading and investing success is appropriate money management or what we now call POSITION SIZING" - Dr. Van Tharp, Definite Guide to Position Sizing (Market Wizard Book #1) For those of you who have studied position sizing you know the power it can...
Visualise your possible 1R to 6R prices, based on your Risk($), entry and stoploss price, and see the distance until the goal is fulfilled. It also provides you with a suggested amount of stocks to buy, so if you lose, it will match -1R.
Just a simple risk reward calculator to help indicate the R:R levels of your risk on a trade. The drawing tool doesn't have multiple R capabilities.
This is a script to make calculating position size easier. It calculates position size as a percentage of account balance and Risk/Reward based on input values of entry, exit, stoploss and shows the R/R box similar to tradingview's R/R tool. There is an option to toggle showing label and choosing of label text color. Have to enter the following inputs in order...
Little tool to quickly identify stops and take-profit levels based on Average True Range. User can change ATR multipiers, as well as the ATR length used. Green and red lines show these levels; plot is visible over last 8 bars only to reduce clutter. Label showing the current ATR, up above the last bar